Capital markets·October 20, 2026 at 6:30 AM EDT·2 sources
GM Announces $20 Billion Share Buyback as Profit Beats Estimates
GM -1.7%
GM · last 30 trading days-8.3% since the news
News
What happened
- General Motors revealed plans to buy back another $20 billion in stock.
- The carmaker reported better-than-expected earnings as auto sales cool.
- Executives said GM’s stock is fundamentally undervalued, while cash flow remains strong.
Planned buyback
$20 billion
Why it matters
The buyback signals a significant capital-allocation commitment and may affect valuation, shareholder returns and market views of GM’s financial resilience as sales soften.
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Timeline
- EarlierOct 19Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff
- First reported by BloombergOct 20GM Announces $20 Billion Share Buyback as Profit Beats Estimates
- The Wall Street Journal reportsOct 20General Motors Plans $20 Billion in Buybacks to Shore Up Share Price
Sources (2)
- BloombergOct 20GM Announces $20 Billion Share Buyback as Profit Beats Estimates
- The Wall Street JournalOct 20General Motors Plans $20 Billion in Buybacks to Shore Up Share Price
Related
- Oct 20 · Jim Cramer's top 10 things to watch in the stock market Tuesday
- Oct 23 · GM Analysts Say Buy the Dip as Stock Eyes Worst Week Since 2025
- Oct 19 · Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff
- Oct 21 · GM Aims to Bring ‘Eyes-Off’ Driving to AI-Powered Cars Within 2 Years
- Oct 21 · GM aims to leapfrog rivals with new generation of autonomous cars
- Oct 21 · GM is betting compute and AI will help it compete with Chinese automakers
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